Purchases Transactions-Gross Price and Net-Price Methods Chant of Account General Journal instructions Glonas Repair Shop had the following transactions during May May 2 Purchased merchandise on account from Delgado Supply for $600, les 2/10,n30 Purchased merchandise on scount from Goro's Auto Care for $1,300, terms 10.30 Paid the amount due to Delgados Supply for me curthame on May 2 Paid the amount GUE 19 Gros Auto Care for the butchase on May 8 22 Required Prepare general journal entre for these transactions using the grosse Method 2. Prepare general journal entries for these transactions using the new method CHART OF ACCOUNTS Gloria's Repair Shop General Ledger ASSETS REVENUE 101 Cash 401 Sales 122 Accounts Receivable EXPENSES 141 Supplies 181 Office Equipment 501 Purchases 501.1 Purchases Returns and Allowances 501.2 Purchases Discounts LIABILITIES 501.3 Purchases Discounts Lost 202 Accounts Payable 219 Wages Payable EQUITY 311 Gloria's Repair Shop, Capital 312 Gloria's Repair Shop. Drawing 511 Wages Expense 512 Advertising Expense 512 Bank Credit Card Expense 514 Store Supplies Expense 515 Travel and Entertainment Expense 549 Miscellaneous Expense Subsidiary Ledgers Accounts Payable Ledger 202.1 Delgado's Supply 2022 Goro's Auto Care 7. Prepare general entries for these transactions using the gross price method Generation AGE OCHERAL JOURNAL Cat) ACCOUNT TITLE POSTRO DET CREDIT 1 2 pregner man for the train the method WE GENERAL JOURNAL DATE ACCOUNT TITLE POSTE PORT CROT